Regarding Variable Life Insurance, All of the Following Are True

question 43

Multiple Choice

Regarding variable life insurance, all of the following are true except:

• A) provides no mortality or investment guarantees
• B) has flexible benefits based on investment returns
• C) allows the insured to choose how the cash value is invested
• D) is transparent with respect to costs and returns

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Definitions:

Trade Fixture

Personal property attached to leased property by a tenant for business purposes, which can be removed at the lease's end.

Personal Property

Moveable assets or belongings, excluding real estate or land, owned by an individual or business.

Annexed

Attached or added, especially in terms of land or documents, to expand property or information.

Easement Appurtenant

A right that runs with the land, allowing one property owner to use another's property for a specific purpose.